CSIS and Chevron Launch Innovative Project to Advance U.S. Leadership in International Economic and Community Development

Groundbreaking project aims to create new model for integrating public and private sector development resources

Secretary Condoleezza Rice and General James Jones kick start initiative by examining the importance of development to foreign policy and national security

WASHINGTON, D.C., June 3, 2011 – The Center for Strategic & International Studies (CSIS) and Chevron Corporation (NYSE: CVX) today announced a groundbreaking project designed to create a new model for international economic and community development in Washington. Titled, "The Project on U.S. Leadership in Development," the multi-year initiative aims to generate innovative thinking on best ways to integrate U.S. public and private sector resources and interests with non-government organizations (NGOs) and foreign governments to create sustainable partnerships. A core goal of the initiative is to develop and present actionable, bipartisan policy recommendations by 2012 for implementation by current and future Administrations.

"U.S. leadership and influence come in many forms, including our commitment to development assistance," said CSIS President and CEO Dr. John J. Hamre. "At the same time, private-sector investments and capacity building have an important role to play in ensuring growth and helping us stay safe. We see the partnership helping to charter pathways for active collaboration between government and the private sector in the years ahead."

"This strategic partnership combines Chevron's innovative, private sector approach to economic development with CSIS's regional and issues-based expertise," said Steve Green, Chevron's vice president, Policy, Government and Public Affairs. "Our collective aim is to create sustainable partnerships that do more to advance human progress. That's good for people and good for business."

A major element of the initiative is "The Chevron Forum on Development," a high-level speaker series designed to explore new ideas on global development with a special focus on the important and changing role of the private sector. The Forum will engage innovative leaders and thinkers from the private sector, donor country governments, NGOs and the developing world. It will identify key areas of strength and weakness, explore ways the U.S. government can more strategically and effectively engage the private sector, and identify priority recommendations and findings for policymakers as well as key development stakeholders.

The Forum's inaugural session features former U.S. National Security Advisor Gen. James L. Jones and former U.S. Secretary of State Condoleezza Rice in a discussion on the critical importance of development in U.S. foreign and national security policy.

Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

The Center for Strategic and International Studies (CSIS) is a bipartisan, nonprofit organization founded in 1962 and headquartered in Washington, D.C. It seeks to advance global security and prosperity by providing strategic insights and policy solutions to decisionmakers.